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Institute For Studies On Latin American Art (ISLAA) Leases Retail Space At 140 Franklin Street In Tribeca

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LEASED

New York

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Retail8,650 SF
Leased 11/21/2022
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LEASED

Institute For Studies On Latin American Art (ISLAA) Leases Retail Space At 140 Franklin Street In Tribeca

140 Franklin St, New York, NY 10013, USA

See Similar Deals
Retail8,650 SF
Leased 11/21/2022
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:8,650 SF
Transaction Type:Lease

The retail space at 140 Franklin Street in Tribeca has been leased. The property, spanning 8,650 square feet, was leased by the Institute for Studies on Latin American Art (ISLAA). The lease transaction was facilitated by the landlord's representatives, Christina Combias and Sam Akleh of Voro, and the tenant's representatives, Allie Portera and Brad Cohen of CBRE. The asking rent for the space was $58 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A (lease transaction)
  • Address: 140 Franklin Street
  • Market: Tribeca
  • Landlord: Lily Realty - Tate Jackson
  • Tenant: Institute for Studies on Latin American Art (ISLAA)
  • Landlord's Rep: Christina Combias & Sam Akleh - Voro
  • Tenant's Rep: Allie Portera & Brad Cohen - CBRE
  • Asking Rent: $58/ft.
  • Square Footage: 8,650

The leasing of the retail space at 140 Franklin Street was successfully negotiated by Christina Combias and Sam Akleh of Voro, who represented the landlord, Lily Realty - Tate Jackson. On the tenant side, Allie Portera and Brad Cohen of CBRE acted as the representatives for the Institute for Studies on Latin American Art (ISLAA). This transaction provides ISLAA with a prime location in the Tribeca market to establish their presence.

Details

LEASED
IMAGE: Christina Combias & Sam Akleh DATE: 11/21/2022 ADDRESS: 140 Franklin Street MARKET: Tribeca ASSET TYPE: Retail LANDLORD: Lily Realty - Tate Jackson TENANT: Institute for Studies on Latin American Art (ISLAA) LANDLORD'S REP: Christina Combias & Sam Akleh - Voro TENANT'S REP: Allie Portera & Brad Cohen - CBRE ASKING RENT: $58/ft. ~ SF: 8,650

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Deal Type
Effective Rent (Annual)

$575,142.83

Total Lease Value

$5,751,428.25

Net Landlord Cash Flow$575,142.83